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e-IPO For Investors By January 2013; 400 Locations Initially

The advancement of technology these days had definitely helped a lot of people make their work easier and faster.  Among the new technologies applied or used by the Market regulator Sebi is called the e-IPO facility. This facility would allow its retail investors to have their bids submitted electronically.

This project would be implemented in two phases where the first phase would start by January 1, 2012 and will cover about 400 locations. The other remaining locations would obviously be covered in the 2nd phase which would begin by March 1, 2013. This e-IPO facility was proposed by the Securities and Exchange Board of India for the retail investors in the country at more than 1,000 locations.

This is part of their effort to provide their investors with an additional mechanism to submit application forms in public issues. Applications such as ASBA (Application Supported by Blocked Amount) and non-ASBA applications can be submitted by investors using this mechanism.

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